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Announced

Completed

North American Nickel completed the merger with Premium Nickel Resources.

Synopsis

North American Nickel, a mineral exploration and resource development company, completed the merger with Premium Nickel Resources, a Canadian company dedicated to the exploration and development of nickel-coppercobalt resources. Financial terms were not disclosed. "We are delighted to announce this business combination with NAN, who is our long-term supporter and shareholder. This agreement demonstrates the degree to which our respective companies and shareholders are in alignment as we move forward with the RTO transaction and the re-development of the recently acquired Selebi Mines in Botswana. We are also excited to see Premium Nickel Resources listed on the TSX Venture Exchange as it is a critical step in our growth plans. With the acquisition of the Selebi mine, we are now preparing to initiate an aggressive redevelopment program at Selebi based on modern best practices and believe that the Ni-Cu-Co resources at the Selebi mines will be part of the global electrification of industries. NAN's technical and operational expertise will provide a significant synergy to our ambition for Selebi in years to come," Sheldon Inwentash, PNR Director.

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